Andorra CPI Falls to 2.6% in January 2026

Andorra's annual consumer price index (CPI) stood at 2.6% in January 2026, a 0.1 percentage point drop from December 2025's 2.7% and level with January 2025, according to the definitive figures released by Estadística on Tuesday. The data revises the earlier flash estimate of 2.5% from early February upward.

Core inflation, excluding fresh food and energy, rose 0.3 points to 3.4% from 3.1% the prior month. Prices fell 0.4% over the month, sharper than the 0.3% decline in January 2025. Clothing and footwear dropped 14.04% monthly due to seasonal sales, dragging the index down by 0.62 points. Transport eased 0.6% monthly, subtracting 0.09 points amid lower fuel and lubricant prices.

On an annual basis, transport declined 1.4 points to -1.2%, mainly from cheaper fuels and lubricants after sharp rises a year earlier; petroleum products slid to -9.2% from -4.9%. Non-alcoholic food and beverages eased 0.4 points to 1.7%, with fish, bread, and cereals rising more slowly than last year—despite a 0.45% monthly gain from higher dairy, eggs, cheese, and meat prices that added 0.10 points. Hospitality and catering climbed 0.8 points to 5.5%, driven by rises in restaurant, café, and similar venue prices.

Estadística highlighted transport and clothing as main downward drivers, countered by services pressures including hospitality.

In Spain, January CPI reached 2.3%, down 0.6 points from December's 2.9%, with housing at 2.7% (off 3 points from milder electricity increases) and transport at -0.1% (down nearly 2 points on cheaper vehicle fuels). France's flash CPI estimate was 0.3%, a potential 0.5-point fall from 0.8%, with final confirmation due Wednesday, 18 February 2026.